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Restaurant Collective Serving an Upscale-Casual Dining Experience – BN000042643

Northeast US, US
10M-25M500K-2M Food & Drink
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CLIENT CODE: BN000042643
REVENUE/TURNOVER: $12,512,000
EBITDA: $759,000
HEADQUARTERS: Northeast US
 
Interested? Contact Us
pmanry@benchmarkintl.com
Restaurant Collective Serving an Upscale-Casual Dining Experience – BN000042643

Paul Manry

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The company is composed of three restaurants collectively located in the Northeast U.S. The restaurants each offer a variety of dining experiences ranging from casual, to upscale, and outdoor dining seasonally. Additionally, all restaurants have full liquor licenses and sophisticated bar scenes.

Key Aspects

  • Rebounded after Covid-19 restrictions to record combined revenue of $11.7M in 2021
  • Three well-established locations each offer a unique dining experience and atmosphere
  • Distinguished restaurant brand that has found success within the local community
  • Established supplier relationships with multiple vendors creates stability in food and production prices
  • The restaurant has a customer loyalty program in place that incentivizes and rewards purchases and returning customers.

Opportunities

  • Regional expansion of the restaurant to new locations in the Northeast U.S.
  • Branded ghost kitchen concept implemented in Q4 of 2022
  • Continue to negotiate pricing agreements with key vendors to support margin growth

Headquartered

  • Northeast U.S.

Current Markets

  • The company serves an up-scale casual dining experience between its locations in the region. The ghost kitchen concept in development will expand the restaurant’s reach by offering its noteworthy fare to a burgeoning pickup and delivery market.

Real Estate

  • The company leases it’s two restaurant locations from an unaffiliated entity. Each location is approximately 15,000 sq. ft

Shareholder Objectives

  • The owners would like to prepare the company for their retirement and, in doing so, have established a management team capable of running the daily operations. Both owners are willing to remain in place for a mutually agreeable period to ensure a smooth transition of ownership.

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